Cresset Asset Management LLC Buys Shares of 14,880 Sila Realty Trust, Inc. (NYSE:SILA)

Cresset Asset Management LLC bought a new stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,880 shares of the company’s stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carolina Wealth Advisors LLC acquired a new stake in Sila Realty Trust during the 4th quarter valued at approximately $26,000. MetLife Investment Management LLC acquired a new stake in Sila Realty Trust during the 4th quarter valued at approximately $39,000. Pineridge Advisors LLC grew its position in shares of Sila Realty Trust by 244.0% during the 4th quarter. Pineridge Advisors LLC now owns 3,244 shares of the company’s stock worth $79,000 after buying an additional 2,301 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Sila Realty Trust by 507.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company’s stock worth $84,000 after buying an additional 2,895 shares during the period. Finally, Sound Income Strategies LLC grew its position in shares of Sila Realty Trust by 16.8% during the 4th quarter. Sound Income Strategies LLC now owns 5,690 shares of the company’s stock worth $138,000 after buying an additional 817 shares during the period.

Analyst Ratings Changes

Separately, Truist Financial raised their price objective on shares of Sila Realty Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 17th.

Sila Realty Trust Stock Performance

Shares of SILA stock opened at $25.41 on Friday. The company has a market cap of $1.40 billion and a price-to-earnings ratio of 40.98. Sila Realty Trust, Inc. has a 52 week low of $20.20 and a 52 week high of $27.50. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $25.85 and a 200-day moving average of $25.17.

Sila Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.30%. The ex-dividend date is Wednesday, May 21st. Sila Realty Trust’s dividend payout ratio (DPR) is 258.06%.

Sila Realty Trust Profile

Sila Realty Trust, Inc, headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the large, growing, and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams.